Financial Aid Counselor Salary

Financial Aid Counselors aren't exactly in the most profitable line of business; these folks earn a belt-tightening average of $37K annually. Total cash compensation for Financial Aid Counselors generally runs between $29K and $49K depending on bonuses that can occasionally exceed $1K. Career duration is the biggest factor affecting pay for this group, followed by geography. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part. Most Financial Aid Counselors survey respondents are women (73 percent). Job satisfaction is high and work is enjoyable for most Financial Aid Counselors. The data for this synopsis comes from respondents who took the PayScale salary survey.

$29,489 - $50,118
$29K
$37K
$50K
MEDIAN: $36,696
10%
50%
90%

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$14.40 - $22.96
$14
$18
$23
MEDIAN: $18.39
10%
50%
90%

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$0$50K
Salary $29,489 - $50,118
Bonus $0.00 - $1,007
Profit Sharing $0.00
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$29,684 - $49,928
  • Country: United States
  • Currency: USD
  • Updated: 22 Oct 2017
  • Individuals Reporting: 153
Hourly Data $0$33
Hourly Rate $14.40 - $22.96
Overtime $1.51 - $33.14
Annual Data $0$49K
Bonus $0.00 - $1,007
Profit Sharing $0.00
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$29,684 - $49,928
  • Country: United States
  • Currency: USD
  • Updated: 22 Oct 2017
  • Individuals Reporting: 43

Job Description for Financial Aid Counselor

Financial aid counselors work with students to discuss financial aid options. These professionals are employed almost exclusively by institutes of higher learning, which includes for-profit schools and non-profit institutions; counselors may also consult at college fairs. Financial aid counselors typically work with other counselors and the employees in the bursar's office to provide correct information to students, who may have little to no knowledge about financial aid. A typical day for financial aid counselors includes working during regular business hours, making appointments with students or helping walk-ins, discussing a financial plan with those students, and researching new developments in financial aid.

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Financial Aid Counselor Tasks

  • Counsel students and parents about self-help financial aid programs, eligibility requirements, and application processes.
  • Plan and perform financial aid workshops to staff and students.
  • Assist in the review of students' financial aid applications.
  • Coordinate and administer financial aid appeals.
  • Package, award, and disburse funds to students.

Common Career Paths for Financial Aid Counselor


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Financial Aid Counselors' salaries may rise greatly for those who assume a higher-end position such as a Financial Aid Director. The average Financial Aid Director brings home $56K per year.

Financial Aid Counselor Job Listings

Pay by Experience Level for Financial Aid Counselor

Pay by Experience for a Financial Aid Counselor has a positive trend. An entry-level Financial Aid Counselor with less than 5 years of experience can expect to earn an average total compensation of $35,000 based on 158 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Aid Counselor with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $38,000 based on 76 salaries. An experienced Financial Aid Counselor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $41,000 based on 38 salaries. A Financial Aid Counselor with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $55,000 based on 12 salaries.

Financial Aid Counselor Reviews

Q: What is it like working as a Financial Aid Counselor?

Financial Aid Counselor in Pleasantville:
Pros: Interacting with students.
Cons: Too much work.

Related Job Salaries

Key Stats for Financial Aid Counselor

Gender

Female
74 %
Male
26 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 39 votes.
Less than 1 year
3%
1-4 years
51%
5-9 years
30%
10-19 years
14%
20 years or more
3%

Experience Affects Financial Aid Counselor Salaries

Late-Career
▲48%

▲11%

▲4%

National Average
$37,000

▼4%

Skills That Affect Financial Aid Counselor Salaries

Financial Advisor
▲19%

Federal Grants
▲10%

National Average
$37,000

Counseling
▼1%


Financial Analysis
▼3%

Financial Applications
▼4%

Financial Aid
▼11%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 39 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
3%
1-4 years
51%
5-9 years
30%
10-19 years
14%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 74%
vision benefits
Vision: 70%
no benefits
None: 10%